Pound Inggris / Dollar ASDiupdate GBP/USD-Daily analysis
Hello everybody!
-On a daily chart, we can see that the price formed a double top pattern.
-The double top pattern is a reversal pattern so we may expect some bearish movement.
-We can see that the double top pattern tested and rejected dynamic and static resistance. Dynamic resistance is a 200 period simple moving average(blue) and static resistance is a simple resistance line(yellow line).
-On a daily base, GBP is weaker than USD and on a weekly base, GBP is stronger than USD.
-If USD remains stronger and GBP weaker than we can expect bearish movement and if USD remains weaker than GBP then we can expect bullish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a daily chart, we can see that the price formed a double top pattern.
-The double top pattern is a reversal pattern so we may expect some bearish movement.
-We can see that the double top pattern tested and rejected dynamic and static resistance. Dynamic resistance is a 200 period simple moving average(blue) and static resistance is a simple resistance line(yellow line).
-On a daily base, GBP is weaker than USD and on a weekly base, GBP is stronger than USD.
-If USD remains stronger and GBP weaker than we can expect bearish movement and if USD remains weaker than GBP then we can expect bullish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
Catatan
GBP is very weak and USD is very strong at this moment so we have bearish movement!
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.